IFC inks deal to close gender gap in private sector

Wed, 16 Dec 2020 - 02:02 GMT

The deal is part of greater efforts aimed to help Egyptian private companies to deal with the negative impacts of the COVID-19 pandemic, giving attention to creating equal opportunities for women at work.

UK biggest overseas investor in Egypt, bilateral trade agreement to be finalized before Dec.31: Trade envoy to Egypt

Thu, 12 Nov 2020 - 01:14 GMT

Donaldson clarified that his country’s current investments in Egypt recorded $5.5 billion, noting that Egypt Is one of the strongest elements in terms of UK’s trade expansion.

Declaration of Principles on Renaissance Dam is 'exclusive agreement' binding Egypt, Ethiopia, Sudan together: intl. law expert

Tue, 23 Jun 2020 - 08:50 GMT

Each state must respect the sanctity of international treaties affirmed in Vienna Convention on the Law of Treaties signed in 1969, the professor of general international law stipulates.

House approves TFSCB grant to upgrade statistical work

Sun, 21 Jun 2020 - 12:13 GMT

The TFSCB will support efforts by Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) to outline a national strategy to achieve that.

Egypt’s parliament approves $50M-agreement loan from EBRD

Tue, 16 Jun 2020 - 02:11 GMT

The financing comes for the completion of the project of improving the performance of the oil and gas sector in Egypt.

Egypt signs €151M agreement with AFD to support energy sector

Tue, 16 Jun 2020 - 11:55 GMT

This agreement aims to secure immediate funding from multilateral and bilateral development partners for budgetary support and assistance in mitigating the impact of the pandemic.

German Reconstruction Bank offers ‎€41.5M to develop technical education in Egypt

Mon, 15 Jun 2020 - 07:08 GMT

The agreement includes the establishment of centers of competence specializing in the fields of renewable energy and energy efficiency in applied technology schools in Hurghada and Aswan.

Egypt signs €50M agreement with AFD to renovate Cairo Metro Line 1

Sun, 14 Jun 2020 - 03:33 GMT

The Minister revealed that the purpose of the project is to renovate and modernize the Cairo Metro Line 44km from North to South across the heart of Cairo and connecting with both Line 2 and Line 3.

Orascom Development signs agreement with NIS to develop schools in O West

Thu, 04 Jun 2020 - 10:02 GMT

This agreement comes within the company’s land monetization strategy which secures a total of c. LE 535 million of cash inflows from these agreements to date.

Telecom Egypt, Etisalat Misr sign 2 new agreements

Mon, 01 Jun 2020 - 11:50 GMT

The first agreement entails a development of Telecom Egypt transmission and infrastructure services' commercial model with Etisalat Misr.

Egypt Gas agrees to complete LE232.8M-agreement with Town Gas

Wed, 29 Apr 2020 - 12:43 GMT

The company indicated that the period of validity of this agreement is one year, and it may be renewed for another period with the consent of both parties.

World Bank funds 2nd phase of Takaful, Karama by $500M

Thu, 12 Sep 2019 - 11:44 GMT

The agreement was signed by Minister of Investment and International Cooperation Sahar Nasr and Regional Director of the World Bank in Egypt Marina Wes.

Elsewedy Electric's subsidiary signs LE327M agreement with EETC

Thu, 29 Aug 2019 - 12:44 GMT

ElSewedy Electric for Trading & Distributing, Elsewedy Electric, Agreement, Egyptian Electricity Transmission Company, EETC,

Egypt approves 17 oil, gas exploration agreements

Wed, 28 Aug 2019 - 05:09 GMT

Minister of Petroleum and Mineral Resources Tarek el-Molla affirmed the continuation to offer investment bids and opportunities in this sector.

Sudan’s military council praises Egypt’s support of Khartoum

Sun, 18 Aug 2019 - 03:37 GMT

“I hope that Egypt's support to Sudan could extend until Sudan recovers politically and economically,” said TMC leader Yasser al-Atta.

Free trade area among 20 African nations finally becoming reality

Sun, 07 Jul 2019 - 02:51 GMT

“The development of infrastructure is inevitable. We must strive to achieve peoples’ aspirations to development and prosperity,” Sisi said.

Finance Ministry ends $136M tax dispute with Global Telecom

Wed, 26 Jun 2019 - 05:03 GMT

Upon this agreement, Global Telecom will pay its tax dues to the tax treasury, which amount to $136 million until 31 December 2018.

Egypt, Germany to hold agreement between railways authorities

Wed, 26 Jun 2019 - 12:29 GMT

The framework will define the proposed areas of cooperation, the Egyptian needs in the various technical support sectors, and means of financing.

PM witnesses signing of agreement with Mercedes-Benz on car assembly

Mon, 24 Jun 2019 - 03:32 GMT

The deal is meant to establish an engineering hub for Mercedes-Benz in the Suez Canal area for assembling and manufacturing of automobiles, the premier said.

Egypt targets to quadruple exports in 5 years

Tue, 28 May 2019 - 08:40 GMT

In FY2017/2018, Egypt achieved a 12.7 percent growth in non-oil exports to record $12.7 billion from $15 billion in the previous fiscal year.